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Theoretical and Applied Economics
No. 6 / 2012 (571)

Post-crisis Economy of the European Union in the Global Context

Cristian IONESCU
Bucharest Academy of Economic Studies

Abstract. The recently economic crisis represents a new global economic turn. The question is whether, besides the necessary tools and actions to get out of the crisis, additional policies are needed on medium and long term to prevent a future crisis. In this essay I try to give some answers, integrating into the analysis both global and European levels, highlighting the necessary policies and their features in the Economic and Monetary Union and in the ex-socialist Central and Eastern countries, members of the European Union.

Keywords: solutions and strategies to the economic crisis; the micro and macro-prudential supervision and regulation; fiscal consolidation of the financial sector and the sustainability of the public finances; the new institutional framework of the European Union; the Warsaw Consensus.

Contents

Still the Opposite!
Marin Dinu
1

Basel III – Between Global Thinking and Local Acting

Vasile DEDU · Dan Costin NIȚESCU

2

Recovery of the Tourism Potential of the Central Development Region. Case Study

Erika KULCSÁR

3

Fiscal, Monetary Policies and Institutions’ Role (Political, Social and Economic) in Pakistan

Tariq HUSSAIN · Muhammad Wasif SIDDIQI

4

Outsourcing. The Concept

Victor-Adrian TROACĂ · Dumitru-Alexandru BODISLAV

5

The Analysis of the Ethnical Discrimination on the Manpower’s Market under the Economical Crisis

Mihaela Hrisanta DOBRE · Eugeniu TUDOR

6

The Local Development Initiatives in the Rural Development Context

Liviu-Cosmin MOSORA

7

Post-crisis Economy of the European Union in the Global Context

Cristian IONESCU

8

New Approaches to Social Economy

Daniela VÎRJAN

9

The Role of Accounting and Accounting Law in Establishing Public Economic Policies in the Post-crisis Period

Aurelian Virgil BĂLUŢĂ

10

Impact and Limitations Deriving from Basel II within the Context of the Current Financial Crisis

Oana Miruna DĂNILĂ

11

Models of the Economic Growth and their Relevance

Nicolae MOROIANU · Daniela MOROIANU

12

The Limit between the Rational and Irrational Behaviour in the Economic Science

Cristian MARINESCU

13

The Bureaucracy in the Current Economic Climate

Laurenţiu Gabriel FRÂNCU · Gabriel Ionel HOCIUNG

14

Analysis of the American Economic System – from the Old Capitalism to the New Capitalism

Radu-Marcel JOIA · Cătălin-Emilian HUIDUMAC-PETRESCU

15

The Economics of State Aid Control in the European Union during the Financial Crisis: the Challenge for a Post-Crisis Rhetoric

Radu Cristian MUŞETESCU